JSC SSMO LenSpetsSMU (part of Etalon Group) places exchange-traded bonds series 001P-01

24.06.2016

On 23 June 2016, JSC SSMO LenSpetsSMU has successfully placed exchange-traded bonds series 001P-01 with a total nominal value of RUB 5 bn. Investors were offered by five-year term bonds with quarterly coupons and amortization scheme of redemption starting from the 12-th coupon. Duration of the placement is 3.23 years.

The organisers of the placement were Alfa Bank, FC Otkritie, Raiffeisenbank and Sovcombank.

The book building took place on 15 June 2016. The coupon rate has been set at the lower end - 11.85%. During the book building demand exceeded the offering amount by 3.3 times and amounted to RUB 16.6 bn. In consequence of high level of investors’ interest, the marketing range has reduced for three times. The spread to Russian Government Bonds was set at 325 basis point.

CEO of “Etalon Group Company” ZAO Anton Evdokimov summarizing the results of the placement said: ”This placement is certainly a success for the company. It is safe to say that there was a global reassessment of the company by investors. Significant reduction of spread to RGB and lower coupon rate comparing with the similar bonds series 02, placed in 2012, show a substantial growth of investors’ interest and an increase of trust level. We are grateful to the organizers of this placement for their professional and efficient work and to investors for their confidence in the company.”

In view of bonds compliance with the requirements of the Central Bank of Russian Federation, JSC SSMO LenSpetsSMU is assuming that exchange-traded bonds will be included into Lombard List of CBRF as well as the list of securities accepted as collateral for REPO operations with CBRF.

REFERENCE:

On 29 April 2016 CJSC MICEX Stock Exchange assigned an identification number to JSC SSMO LenSpetsSMU (4-17644-J-001P-02E date 29 April 2016) exchange-traded bonds program series 001P. Within the program non-convertible interest-bearing documentary exchange-traded bonds in bearer form with mandatory centralized custody placing throw the public bonds offering can be placed with the maximum nominal value amounted to RUB 15.0 bn and with the maximum repayment period of 3 640 days starting from the placing of separate issue.

On 15 June 2016, CJSC MICEX Stock Exchange assigned an identification number 4B02-01-17644-J-001P to exchange-traded bonds issues series 001P-01 and included this issue into Second level of securities list admitted to circulation on CJSC MICEX Stock Exchange.

CONTACT DETAILS:

Savchuk Ksenija Valer'evna

Head of Public Relations

+7 (812) 348-21-25, e-mail: Kseniya.Savchuk@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 349-38-40, e-mail: Yana.Yashchenko@etalongroup.com